Tag: fronting
B-BBEE Commission explains its investigation process
The Broad-Based Black Economic Empowerment Commission (B-BBEE Commission) has published a notice explaining how a complaint about fronting may be lodged and how it will respond. The B-BBEE Commission recently published an explanatory notice on its fronting investigations. It may investigate fronting on its own initiative or as a result of complaints received.
The risks around B-BBEE fronting practices
Even with South Africa almost 30 years into its democracy, Broad-Based Black Economic Empowerment (B-BBEE) 'Fronting Practice' is still a widespread practice that significantly undermines the creation of a more equal and prosperous South African society.
B-BEE Commission starts to show its teeth
The B-BBEE Commission announced in January 2018 that it made findings against a verification agency, SAB&T BEE Services (Pty) Ltd. It recommended remedial steps, including the issuing of a public apology and the commissioning of an independent audit of all certificates issued by the agency for 2014 to 2016.
Scathing court decision on fronting!
Soria Hay | Head of Corporate Finance | Bravura | shay@bravura.net | http//www.bravura.net |
The R600 million train blunder that broke in July 2015 is...
Implications of BBBEE Commission investigations of ownership trusts?
The BBBEE Commission announced that it has initiated 17 investigations for possible contraventions of the Broad-Based Black Economic Empowerment Act (BBBEE Act).
Six cases deal...
Fronting – beware the BBBEE Commission
In June 2017, a black woman-owned entity launched a complaint of BEE fronting against JSE listed Netcare Holdings.
The complaint has been lodged with...
